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If in 2018 ending cost of goods sold is overstated by $22,000, what will happen to ending inventory for the following year? Select one: a.
If in 2018 ending cost of goods sold is overstated by $22,000, what will happen to ending inventory for the following year?
Select one:
a. Ending inventory the following year will be understated by $22,000
b. Ending inventory the following year will be overstated by $22,000
c. Ending inventory the following year will be correct
d. The answer cannot be determined without knowing if accounts receivables increased or decreased
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